Morgan Stanley logo
Morgan Stanley

June 12, 2026

Australia Macro Index Matters Qub Removal Scenario Potential Replacements

Market ReportEquitiesOther

Morgan Stanley analysts outline the expected impact of Qube Holdings' (QUB) removal from the S&P/ASX 100 and 200 indices. They identify Vault Minerals (VAU) and Develop Global (DVP) as the primary replacement candidates for passive inflows.

Key Takeaways

  • 1.Qube Holdings (QUB) is expected to be removed from the S&P/ASX 100 and 200 indices following its scheme implementation, triggering passive index replacement flows.
  • 2.Vault Minerals (VAU) is the lead candidate for replacement in the ASX 100, while Develop Global (DVP) is the highest-probability candidate for the ASX 200.

Table of Contents

  • Australia Macro+ Index Matters | Asia Pacific
  • QUB Removal Scenario - Potential Replacements
  • Disclosure Section
  • Analyst Certification
  • Global Research Conflict Management Policy
  • Important Regulatory Disclosures on Subject Companies
  • STOCK RATINGS
  • Global Stock Ratings Distribution
  • Analyst Stock Ratings
  • Analyst Industry Views
  • Important Disclosures for Morgan Stanley Smith Barney LLC Customers
  • Other Important Disclosures

Document Preview

Page 1 of 5
Page 1 of Australia Macro Index Matters Qub Removal Scenario Potential Replacements
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.